The Internationalization Of Chinese Enterprises On The Impact Of R&D Investment And Output Efficiency

Nowadays, economics globalization and enterprise internationalization have been irresistible trends. With the broader market and the more resource, enterprises are faced with severe challenge in the time, so how to stand out from the fierce competition and keep them frorn decay in a long-term have been the objectives for every enterprise. Meanwhile, in the process of realizing the objectives, technological innovation strategy has been the winning point assuredly. Comparing with the domestic enterprises which are not aware of the importance of research and development, internationalized enterprises are more willing and more competent to improve their performance by increasing the investment of research and development to strength their competition.After reading and summarizing many enterprises’ internationalization and the relative documents of the investment of research and development, the writer rationally adopts multiple regression to research the documents and regards the A-share public company’s panel data as a sample from the year of2009to2011; He classifies the sample into three types, that is six subsamples measured by the ownership nature, the industry nature and regional development degree. Regarding enterprises’internationalization as explaining variable, the R&D budget and R&D intensity as explained variable and the scale of enterprises and asset-liability ratio and enterprises listed age as controlled variable, he builds the first basic regression model; and then builds the second and the third basic models by regarding the profit margin of main operations and Tobin’Q as explained variable, the RDS*FSTS as explaining variable. Meanwhile, he introduces the enterprises’ internationalizing level and the investing interaction of research and development to inspect how technical innovation effects the enterprises’performance in the background of internationalization. The variable has been input in the research of how the enterprise’s investment of research and development effects the output efficiency, which has represented remarkable conclusions and innovative significance.